Vastgoed 21
ActiveSummary
Vastgoed 21 has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93k and a net result of €-88k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 44% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-17
Solvency67▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 2.22 in 2024; short-term debt: 58% of total assets), but 58% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42%
Return on assets
-40%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-88k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
7 d early
2023
22 d early
2022
34 d early
2021
2 d early
2020
1 d early
2019
174 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€93k▼ 48.8%
2024 · €181k
2018: €186k
2019: €186k
2020: €188k
2021: €187k
2022: €184k
2023: €186k
2024: €181k
2018 → 2025
Total assets
€221k▼ 30.3%
2024 · €317k
2018: €401k
2019: €459k
2020: €378k
2021: €362k
2022: €346k
2023: €348k
2024: €317k
2018 → 2025
Net result
€-88k▼ 1,544%
2024 · €-5k
2018: €283
2019: €909
2020: €1k
2021: €-818
2022: €-3k
2023: €3k
2024: €-5k
2018 → 2025
Working capital
€78k▼ 53.2%
2024 · €166k
2018: €167k
2019: €241k
2020: €172k
2021: €172k
2022: €169k
2023: €171k
2024: €166k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€187k-€184k▼ 1.7%€186k▲ 1.4%€181k▼ 2.9%€93k▼ 48.8%
Operating result€3k-€437▼ 86.7%€6k▲ 1,273%€-2k€-85k▼ 4,907%
Net result€-818-€-3k▼ 283%€3k€-5k€-88k▼ 1,544%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €85k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221k
Fixed assets
€15k =
Current assets
€206k ▼ 31.8%
Equity and liabilities €221k
Equity
€93k ▼ 48.8%
Debt
€128k ▼ 5.6%
Debt's share of the balance-sheet total rises from 42.8% to 58.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.61▼
2024 · 2.22
Quick ratio
0.01▼
2024 · 0.71
Debt to equity
1.38▲
2024 · 0.75
ROE
-95.2%▼
2024 · -3.0%
ROA
-40.0%▼
2024 · -1.7%
Debt ≤ 1 year
€128k▼
2024 · €136k
Income taxes
€415▲
2024 · €404
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€317k€221k▼
Fixed assets21/28€15k€15k=
Tangible fixed assets22/27€15k€15k=
Other tangible fixed assets26€15k€15k=
Current assets29/58€302k€206k▼
Stocks and contracts in progress3€205k€205k=
Stocks30/36€205k€205k=
Amounts receivable within one year40/41€97k€910▼
Trade receivables40€7k€910▼
Other amounts receivable41€90k€0▼
Equity and liabilities
Total equity and liabilities10/49€317k€221k▼
Equity10/15€181k€93k▼
Contributions10/11€150k€150k=
Reserves13€36k€36k=
Non-distributable reserves130/1€15k€15k=
Reserves not available under the articles1311€15k€15k=
Distributable reserves133€21k€21k=
Profit (loss) carried forward14€-5k€-94k▼
Amounts payable17/49€136k€128k▼
Amounts payable within one year42/48€136k€128k▼
Financial debts43€20k€20k▲
Credit institutions430/8€20k€20k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€404€512▲
Taxes450/3€404€512▲
Other amounts payable47/48€114k€105k▼
Income statement
Code20242025
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k€90k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€12k€7k▼
Operating profit (loss)9901€-2k€-85k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▲
Non-recurring financial charges66B€564€0▼
Profit (loss) for the period before taxes9903€-5k€-88k▼
Income taxes67/77€404€415▲
Profit (loss) for the period9904€-5k€-88k▼
Profit (loss) for the period to be appropriated9905€-5k€-88k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-94k▼
Profit (loss) brought forward from the previous period14P€30€-5k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-88k
Net result drops to €-88k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 174 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Stabroek · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Parijse Weg 1812940 StabroekGround area
1,456 m²
Building footprint
149 m²
Volume, LiDAR
753 m³
Parcel 11020I0331/00R002, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Parijse Weg 181, 2940 Stabroek
since 20112.210.215.175
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11020I0331/00R002 | Flanders | 1,456 m² | 1 · 149 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Benjamin Zubrycki
BE 1014.751.246
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MENUISERIE Guy Lainé SPRL
BE 0806.960.321
Fosses-la-Ville · Eq €92,730
MAB Lommel
BE 0734.827.359
Lommel · Eq €92,711
ALUwPROJECTS
BE 0632.755.744
Bonheiden · Eq €92,812
Branny Interieur
BE 0463.715.527
Hamme (Vl.) · Eq €92,685
Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,694 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
41001General construction of residential buildings
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.